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Energy Down As Analysts See Saudi Boost Overdone -- Energy Roundup

Dow Jones Newswires

Shares of energy producers ticked down as some analysts said a reaction to tensions in the Middle East was overdone.

Oil futures hit a two-year high after Houthi rebels fired a missile that landed near Riyadh in Saudi Arabia, and as a Saudi crown prince orchestrated a roundup of members of the local elite accused of corruption.

The Organization of the Petroleum Exporting Countries said it expected global oil demand to grow until 2040 and beyond.

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

November 07, 2017 16:50 ET (21:50 GMT)